Peter Schiff Dismisses Saylor's Bitcoin-Skyscraper Analogy

Peter Schiff has dismissed Michael Saylor's comparison of Bitcoin (BTC) to New York skyscrapers, arguing that while buildings generate rent, Bitcoin holders receive no cash flow. According to BeInCrypto, Schiff's rebuttal on X reignited the debate over Bitcoin's status as a productive asset versus a speculative one. Saylor, chairman of Strategy, likens Bitcoin to appreciating real estate, framing it as collateral for new debt. Strategy holds 815,061 BTC at an average cost of $75,528. Schiff contends that Bitcoin's lack of yield makes it reliant on price appreciation alone.